Core Viewpoint - The adTech market is becoming increasingly competitive, but this trend is not necessarily detrimental to The Trade Desk, which continues to show strong growth despite these pressures [1]. Company Summary - The Trade Desk is currently trading at 25 times adjusted EBITDA, indicating a robust valuation relative to its earnings potential [1]. - The company is experiencing strong growth, suggesting resilience in its business model amid competitive challenges [1]. Industry Summary - The adTech market is witnessing heightened competition, which could lead to shifts in market dynamics and strategies among key players [1].